Nearly 3 trillion KRW in loans issued by South Korean banks in Q1 are expected to be unrecoverable

According to reports released by these four major financial institutions, as of the end of March, a total of 2.9 trillion KRW in loans held by these groups is considered basically unrecoverable, an increase of 5.8% compared to the same period last year. The four major financial institutions are KB Financial Group, Shinhan Financial Group, Hana Financial Group, and Woori Financial Group.